- An analyst notes JASMY’s next target is $0.2785, backed by strong technical structures and potential for a major bullish run.
- Jasmy’s upcoming Janction Layer 2 chain hints at potential collaboration with Sony, aiming to be Japan’s top blockchain.
JasmyCoin (JASMY) has piqued the interest of the crypto community, as recent analysis suggests considerable bullish momentum. Well-known crypto analyst Javon Marks tweeted lately that $0.2785 is still JASMY’s next target.
His analysis—that prices are holding well following a break from a more expansive framework—suggests that this aim is still under influence. Marks claims that the present configuration might coincide with a large rally of over 16.2X, or a rise of over 1,500%.
$JASMY (JasmyCoin)'s next target at $0.2785 REMAINS!
Prices continue to hold well broken out of a much larger structure implying this target to be in play and they may only be setting up here for a continuation within an >16.2X (Over +1,500%) run to meet it. https://t.co/J5vu2GkshB pic.twitter.com/9UdPKaf4Ou
— JAVONMARKS (@JavonTM1) November 3, 2024
Falling Wedge Pattern Fuels Optimistic JASMY Forecasts
Traditionally indicating positive reversals, a Falling Wedge is the technical pattern driving this hope. Marks underlined that the possibility for more upward momentum is still intact as long as JASMY prices do not sharply fall below this wedge.
This analysis relies on earlier knowledge, including a CNF report showing another analysis shockingly 23,500% optimistic continuation estimate for JASMY.
Meanwhile, JASMY is swapped hands at about $0.01666 at the time of writing, a 1.64% drop over the last 24 hours, following corrections in the major crypto market. Long-term viewpoints still center on the possibility for significant gains despite this brief retreat.
Further fueling the excitement around JASMY’s success, CNF earlier reported that Jasmy’s Janction Layer 2 chain is scheduled to be launched shortly. This evolution has generated more buzz, particularly given rumors of a probable Sony-based cooperation.
If accomplished, this kind of cooperation might be a major turning point for Jasmy since it will confirm her goal of being the top blockchain in Japan by smoothly combining Layer 1 and Layer 2 systems.
